Home MarketHindustan Petroleum Corporation Ltd.

Hindustan Petroleum Corporation Ltd. Stock Info: As on 2017-09-20 15:59:58

Nse

452.00

-9.30(-2.02%)
Change%
52 Week Range
266.53
20.00
492.80
31.00
Open462.60
Day's Range415.17 - 507.43
Value Traded (in ₹ Cr.) 122.21

Bse

451.85

-8.90(-1.93%)
Change %
52 Week Range
266.80
20.00
493.00
1.00
Open463.00
Day's Range414.68 - 506.83
Value Traded (in ₹ Cr.) 10.02

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 0.00 0.00%
IndianPromoters 519,230,250.00 51.11%
Mutual Funds/UTI 63,521,351.00 6.25%
FII 171,463,176.00 16.88%
Employee 0.00 0.00%
Public 187,340,377.00 18.44%
Government 0.00 0.00%
Others 40,542,027.00 3.99%
More

Key Statistics

Valuation Measures
Market Cap / Sales Ratio 0.14
Basic EPS (Rs.) 114.07
Cash EPS 192.39
BVPerShare Excl 541.46
Operating Revenue 5296.93
PBDITPerShare 266.75
Dividend 34.50
NPPerShare 113.94
Current Ratio 1.03
Quick Ratio 0.55
PriceToBV 1.45
Earnings 0.14
PBDIT Margin 5.03
PBT Margin 3.19
NP Margin 2.15
Return On Assets 5.48
Retention Ratios 69.75
Parameter Mar-16 (₹ Cr.) Yoy%change
Total Income 180,709.24
Total Expenses 174,965.63
EBITDA 9,043.19
PBT 5,743.61
PAT 3,868.28
Net Income 3,862.74
More
Parameter Mar-16 (₹ Cr.) 6M % change
Total Income 86,307.47
Total Expenses 82,167.10
EBITDA 2,767.21
PBT 3,788.00
PAT 2,595.20
Net Income 0.00
More
Total Assets
Total Assets
Parameter Mar-16 (₹ Cr.) Yoy%change
Total share capital 339.01
Net worth 18,356.10
Investments 10,994.68
Total Liability 70,470.93
Total debt 14,522.02
Net block 35,322.71
Total Assets 70,470.93
Parameter Sep-16 (₹ Cr.) 6M % change
Total share capital 339.01
Net worth 17,079.27
Investments 11,164.97
Total Liability 72,255.57
Total debt 18,697.81
Net block 34,089.82
Total Assets 72,255.57
Company Curr Price Prev. Close Change% W's Low/High

Bharat Petroleum Corporation Ltd.

494.3 506.9 -2.49
487.05524.9

Chennai Petroleum Corporation Ltd.

441.05 451.1 -2.23
433.05455.65

Essar Oil Ltd.

262.9 263 -0.03
260.5263.25

GP Petroleums Ltd.

88.95 87 2.24
8391

Indian Oil Corporation Ltd.

413.95 418.3 -1.04
412434.5

Mangalore Refinery And Petrochemicals Ltd.

134.4 136.9 -1.83
133.1140.35
Company Curr Price Prev. Close Change% W's Low/High

Bharat Petroleum Corporation Ltd.

496.1 506.45 -2.04
487.7525

Cals Refineries Ltd.

0.1 0.1 0
0.10.1

Chennai Petroleum Corporation Ltd.

441.25 450.2 -1.99
433457.5

Essar Oil Ltd.

262.6 263 -0.15
260.5263.3

GP Petroleums Ltd.

89.5 87.1 2.76
8290.9

Indian Oil Corporation Ltd.

413.8 418 -1
412.3434.6

Mangalore Refinery And Petrochemicals Ltd.

134.65 136.9 -1.64
133.1140
More
Parameter Mar-16(in ₹ Cr.)
Cash from operating activities 6,808.73
Cash from investing activities -4,365.24
Cash from financing activities -2,444.60
Net change in cash -1.11

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
Motilal Oswal MOSt Focused Multicap 35 Fund 7.92%
SBI Blue Chip Fund 3.09%
Kotak Select Focus Fund - Regular Plan 2.44%
HDFC Mid-Cap Opportunities Fund - Regular Plan 1.86%
Aditya Birla Sun Life Frontline Equity Fund 1.71%
Aditya Birla Sun Life Advantage Fund 4.80%

NBCC to launch 1,000 flats for sale during festival

State-owned construction firm NBCC will launch about 1,000 flats for sale in this festival season and is in discussion with the government to develop affordable housing projects on surplus land with PSUs. The company is also in talks with the government for developing islands in Andaman and Nicobar and Lakshadweep, its Chairman and Managing Director Anoop Kumar Mittal said. We have been appointed as land management agency for the surplus land with sick PSUs. We are in close discussion with the government to develop affordable housing projects on some of the land parcels, he told reporters. On developing island, Mittal said the company has experience in developing islands in Maldives and expects to bag similar projects in India. We will be launching 1,000 flats as well as commercial area across the country including Delhi-NCR in this festival. The flats will be in the price range of Rs 15 lakh to Rs 1 crore, he said. Asked about taking over stressed projects of Jaypee Infratech and Amrapali, he said the company has not received any offer from any stakeholder including buyers, builders or the government. However, he said the company would certainly consider if there is any opportunity, provided projects should be viable and not bring bad name to the NBCC. On land purchase from Air India, Mittal said the company had signed an MoU with Air India for monetisation of surplus land assets of the national carrier, but there has not been much progress. However, the CMD said that the company has recently bought a land parcel from Air India in Mauritius for Rs 3 crore. Two years back, it had bought another land parcel from Air India in Coimbatore for Rs 25 crore. Mittal said two land parcels in Vasant Vihar and Baba Kharag Singh Marg in Delhi were given on lease to Air India by the government and the same is being returned to the Ministry of Housing and Urban Affairs. The company could develop projects on these two land parcels, he added. Mittal said the company has an order book of Rs 75,000 crore and the same is likely to touch Rs 1 lakh crore in the next few months. The company has an order book of Rs 700 crore from overseas. On developing railway stations, he said the company has bagged 10 projects and would like to develop at least 4-5 projects before acquiring more such projects from the Railway Ministry. Among major projects, NBCC has bagged over Rs 2,000 crore project to develop integrated exhibition-cum-convention centre for ITPO at Pragati Maidan. NBCC, which is under the administrative control of Ministry of Housing and Urban Affairs, is present in three main segments - Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.

20-09-2017 17:10

NTPC wins Bhubaneswar round of Tata Crucible Corporate Quiz

National Thermal Power Corporation Ltd has emerged the winner of the Bhubaneswar regional round of Tata Crucible Corporate Quiz, 2017. Around 50 teams from prominent corporate houses across the state capital participated in the quiz, which will traverse 25 cities in India, a Tata Group release said. Chandan Shahi and Sujit Varkey of NTPC will compete with winning teams from five cities in the zonal finals. Soubhagya Jena and Gursheel Singh Sahni from Reckitt Benckiser were declared as the runners-up. Suresh G Menon, vice-president and general manager - Tata Consultancy Services Ltd (Eastern Region), yesterday felicitated the winners, who were awarded Rs 75,000, while the runners-up took home a prize money of Rs 35,000. The Tata Crucible Corporate Quiz, 2017 format is based on the concept of 'Real-Time Strategy', involving different rounds, with decision-making and strategy being the key to win the title, the release said. The national winners will get a prize money of Rs 5 lakh, along with the Tata Crucible Trophy, it added.

20-09-2017 15:31

Unichem Lab gets USFDA nod for Ibesartan, Hydrochlorothiazide Tablets

Drug major Unichem Laboratories on Wednesday said it has received ANDA approval from the USFDA for Ibesartan and Hydrochlorothiazide Tablets USP, 150mg/12.5mg and 300 mg/12.5 mg which are therapeutically equivalent to Avalide tablets 150 mg/12.5 mg and 300mg/12.5 mg of Sanofi – Aventis US LLC. “Ibesartan and Hydrochlorothiazide is a combination of Ibesartan, an angiotensin II receptor antagonist and Hydrochlorothiazide, a thiazide diuretic. The product is indicated for hypertension in patients likely to need multiple drugs to achieve their blood pressure goals,” said Unichem Laboratories in a filing to the Bombay Stock Exchange. The product will be commercialised from Unichem’s Ghaziabad plant. API will also be made at Pithampura/Roha API plants, it added. Meanwhile, shares of company were trading at Rs 245 apiece, down 1.33 per cent, from previous close on the BSE at 15:20 hours.

20-09-2017 15:12

GIPCL bags 75 MW solar power projects from GUVNL

Gujarat Industries Power Company (GIPCL) said that it has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL). “GIPCL has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL) on September 19, 2017 for 500 MW Solar Power Projects, in the State of Gujarat. on September 19, 2017 for 500 MW Solar Power Projects, in the State of Gujarat,” the company said in a filing to the Bombay Stock Exchange. GIPCL is engaged in business of Electrical Power Generation. The company has a vision to transform itself into a national level power sector enterprise. Meanwhile, shares of the company were trading at Rs 142.65 apiece, up 2.55 per cent from the previous close at 14:25 hours on BSE.

20-09-2017 14:22

PGCIL board approves Rs 198.50 cr for Baharampur unit

State-run electric utilities company Power Grid Corporation of India on Wednesday said its board has approved investment worth Rs 198.49 crore for Baharampur (POWERGRID) –Bheramara, Bangladesh. “The POWERGRID boards of directors in their meeting on September 19, 2017, have accorded investment approval for Baharampur (POWERGRID) –Bheramara, Bangladesh 2nd 400kV D/c Transmission Line (Indian Portion) at an estimated cost of Rs 198.49 crore,” Power Grid Corporation of India said in a filing to the Bombay Stock Exchange. The company further said that the commissioning schedule for plant is 24 months from the date of investment approval. Meanwhile, shares of company were trading at Rs 213.6 apiece, down 0.81 per cent, from previous close on the BSE at 14:10 hours.

20-09-2017 13:59

HPCL prepares Rs 7110 cr biz growth investment plans in FY18

HPCL has drawn up investment plans of Rs 7110 crore for business growth in the current fiscal, reported PTI. The company, which is being merged with exploration giant ONGC, has also planned capex of Rs 61,000 crore for capacity expansion over the next five years. While the capex stood at Rs 5860 crore in the last fiscal, it is expected to be Rs 7110 crore this financial year. With a huge potential of growth amidst rising energy demand and due to low per capita consumption base, the oil and gas sector is poised for an exciting and challenging future, HPCL chairman and managing director M K Surana told reporters here post the company's annual general meeting. We are adapting to this changing energy mix and are well positioned to create value for all the stake-holders in the future with a capex of over Rs 61,000 crore over the next five years, he added. On ONGC acquiring HPCL, Surana said the government has formed an advisory panel which would decide the valuation (share price) for acquisition. Union Finance Minister Arun Jaitley is heading the three-member ministerial panel to oversee and expedite the sale of the government stake in oil refiner HPCL to explorer ONGC for around Rs 35,000 crore. On HPCL taking over MRPL post-acquisition by ONGC, Surana said a discussion on the issue has not taken place yet but it is a reasonable possibility that MRPL will go along with HPCL. Earlier in the day, Surana informed investors that the focus (of ONGC acquiring HPCL) is to introduce new technologies, create a vibrant and investor friendly upstream sector for production of oil and gas, transform country into a refining and petrochemical hub, create a national natural gas grid, move to a market driven pricing, leverage technology for reducing costs, introduce innovative payment solutions and transition the country to a low carbon economy. Hindustan Petroleum Corporation will remain a public sector unit with a separate board and brand identity post ONGC acquiring government's entire 51.11 per cent stake, which at current prices is valued at about Rs 28,800 crore. Post-merger, all refining units of ONGC will be accumulated under HPCL, making it the third largest oil refiner after Indian Oil Corporation (IOC) and Reliance Industries, Pradhan had said while announcing the merger some months ago. ONGC owns 71.63 per cent of MRPL, a company it had acquired from AV Birla Group in March 2013. HPCL plans to set up a 9 million tonne unit in Rajasthan as well as expand its Vishakhapatnam refinery. This will take the company to 50 million tonnes-plus category. The Cabinet on July 19 approved sale of government's stake in HPCL to the largest oil producer ONGC for Rs 30,000 crore. HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition and board of the refining and marketing company will continue to remain in place. The government had recently approved sale of its 51.11 per cent stake in oil refiner HPCL to India's largest oil producer ONGC. HPCL owns and operates two major refineries producing a wide variety of petroleum fuels and specialities, one in Mumbai (West Coast) of 7.5 million tonnes per annum (MMTPA) capacity and the other in Visakhapatnam (East Coast) with a capacity of 8.3 MMTPA. HPCL also owns and operates the largest lube refinery in the country producing lube base oils of international standards, with a capacity of 428 TMT. This Lube Refinery accounts for over 40 per cent of the India's total lube base oil production. Surana also said the company has signed a revised MoU and a joint venture agreement with Rajasthan for setting up 9 MMTPA refinery cum petrochemical complex at Barner at a cost of Rs 43,129 crore. HPCL will hold 74 per cent stake while the Rajasthan government will hold the rest.

18-Sep-2017 11:42 AM

Hind. Petrol - Annual Report Of Hindustan Petroleum Corporation Limited For Financial Year 2016-2017

Annual Report of Hindustan Petroleum Corporation Limited for Financial year 2016-2017

16-Sep-2017 12:47 PM

Hind. Petrol - Report Of Scrutinizer- Combined Report On E-Voting & Voting By Ballot Papers - 65Th Annual General Meeting Of

Report of Scrutinizer- Combined Report on e-Voting & Voting by Ballot Papers

16-Sep-2017 12:39 PM

Hind. Petrol - Shareholders meeting

Hindustan Petroleum Corporation Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 15, 2017

16-Sep-2017 12:38 PM

Hind. Petrol - Shareholders meeting

Hindustan Petroleum Corporation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 15, 2017

16-Sep-2017 12:34 PM

Hind. Petrol - Annual Report Of Hindustan Petroleum Corporation Limited For Financial Year 2016-2017

Annual Report of Hindustan Petroleum Corporation Limited for Financial year 2016-2017

16-Sep-2017 12:47 PM

Hind. Petrol - Report Of Scrutinizer- Combined Report On E-Voting & Voting By Ballot Papers - 65Th Annual General Meeting Of

Report of Scrutinizer- Combined Report on e-Voting & Voting by Ballot Papers

16-Sep-2017 12:39 PM

Hind. Petrol - Updates

Notice of 65th Annual General Meeting of our Corporation scheduled to be held on Friday, September 15, 2017

23-Aug-2017 02:47 PM

Corporate Details

About Management

1952 - The Company was incorporated in the name of Standard Vacuum Refining Company of India Limited on July 5, 1952 under the Indian Companies Act, VII of 1913. 1962 - On 31st March the name was changed to ESSO Standard Refining Company of India Limited. 1974 - On July 15th the name of the company was changed to its present name Hindustan Petroleum Corporation Limited., by virtue of Lube India and ESSO Standard Refining Company of India Limited Amalgamation Order 1974 dated July 12, passed by the Company Law Board, Department of Company Affairs, GOI, New Delhi and as published in the Gazette of India Extra-Ordinary GSR No.320(E) dated July 15. A certificate to this effect was issued by the Registrar of Companies, Mumbai on September 4th. 1976 - With the nationalisation of Caltex Undertakings in India the same were also taken over by the Government of India and subsequently merged with HPCL. 1979 - The undertakings of Kosangas Company Ltd. were merged with HPCL. As part of the disinvestment in PSUs, shares of HPCL were sold by the Government to Financial Institutions, Mutual Funds and Banks. Presently the Government holding in HPCL is 60.31%. The balance is being held by Financial Institutions, Mutual Funds, Banks, Foreign Institutional Investors, Employees and Individual Shareholders. -It has co-promoted several joint ventures like Mangalore Refinery & Petrochemicals (MRPL), Hindustan Colas, Petronet India, Punjab Refinery Project, Visakh Power Project, Prize Petroleum Co & South Asia LPG Co. 1983 - The capacity of lube plant was increased by an additional 74,000 tonnes per annum of high viscosity index lube base stocks. 1985 - The crude unit and related off-sites were commissioned in January and fluid catalytic cracking unit was commissioned in August. - During the year corporation embarked upon a project to expand the crude distillation capacity at Mumbai by 2 million tonnes per annum at an estimated cost of Rs.45 crores. This project was commissioned in April. 1988 - Mangalore Refineries & Petrochemicals Ltd., is the first joint sector refinery being set up in the country after the Government has allowed entry of the private sector in the petroleum refining industry. 1989 - During the year corporation installed the latest C-generations concept 3*10 MW gas turbines to meet the power requirement at Bombay Refinery with facilities to generate steam simultaneously. 1991 - During September 3*10 MW gas turbine generators and heat recovery steam generators were commissioned at a cost of Rs.79.22 crores at Mumbai. 1993 - During March an MOU was entered into between Govt. of India and Govt. of Sultanate of Oman, HPCL and Oman Oil Co., Ltd., for setting up 6 million TPA refinery on the West Coast of India through a joint venture company called Hindustan Oman Petroleum Co. Ltd. 1994 - In March 1993, an MOU was signed between the Government of India, HPCL, Government of Sultanate of Oman and Oman Oil Company to form a Joint Venture Company. Accordingly, on March 4, Hindustan Oman Petroleum Company Ltd. (HOPCL) was incorporated. The project is estimated to cost approx. Rs. 4426 crores (at June prices) and both promoters will have a 26% stake each in the equity. - A Memorandum of Understanding has been was signed on May 24th between HPCL and Colas S.A., France for implementing a project for setting up a Bitumen Emulsions plant. This was followed by execution of the Joint Venture agreement on November 25th. It is proposed to form a Joint Venture Company (JVC) in the name of `Hindustan Colas Limited' in the State of Maharashtra with equal equity participation from HPCL and Colas S.A., France. - During the year, the company entered into a tie up with Exxon, a leading oil company for blending and marketing EESO brand of lubes. 1995 - During February, the company issued 173,50,000 equity shares of Rs.10 each with detachable warrants of Rs.380 each as follows. - a. On firm allotment basis: - i) 34,70,000 equity shares with warrants to Indian Financial institutions - ii) 3,35,000 shares with warrants to Indian Mutual Funds. - b. Preferencial allotment basis: - i) 17,35,000 shares with warrants to share to employees - ii) 17,75,000 shares with warrants to shareholders of the company, - iii) 34,70,000 shares with warrants to NRIs, balance 66,05,000 shares were issued to the public. - During the year company entered into a MOU with Saudi Arabian Oil Co.(Saudi Armaco) for setting up a 1 million tonnes p.a refinery Punjab. Armaco would contribute to the extent of 26% in the equity capital of the company. - During the year company proposed to undertake petrochemical production from feedstock available from the refineries. The petrochemicals planned were paraxylene/PTA , polyisobutylene and acrylonitrile. - During the same year the company undertook to provide thermal power from surplus heavy fuel oil. The proposed joint venture is to set up 500 MW power plant an estimated cost of Rs.1865 crores. 1996 - During the year March a joint venture with Colas S.A of France, the company commenced its first State-of-the-art Bitumen emulsion Plant of 20,000 TPA capacity at Vashi, named Hindustan Coalas Ltd. 1997 - A new Terminal was commissioned at Kakinada with 30000 KL Tankage and allied facilities at a cost of Rs. 15.06 crores. - Hindustan Petroleum Corporation Limited (HPCL) is contemplating setting up 30 more LPG bottling plants over the next five years. - HPCL is converting the detachable warrant into equity shares of Rs.10 at a premium of Rs.330 per share. Through this conversion of warrant company is raising Rs.589.90 crore. The amount will be payable in four instalments of Rs 85 each payable over a period of one year. - Each warrant is to be converted into one equity share at a price of Rs.340 a share. With the full conversion of warrants, the government of India holding HPCL's equity capital will be just over 51 per cent, ruling out further dilution in the company's capital in the near future. - HPCL has signed an MoU with the government for the execution of four projects, the Vizag refinery expansion project, Vizag-Vijaywada pipeline project, diesel hydro de-sulphurisation projects at Mumbai and Vizag and Punjab refinery project. - The ministry of petroleum and natural gas has set up an expert committee on 15th September, to enquire into the causes leading to the breakout of fire at HPCL's Vishakapatnam refining plant. - The joint venture between Hindustan Petroleum Corporation Ltd and its former parent before nationalisation, Esso, is on slippery ground. - Hindustan Petroleum Corporation Ltd signed a fuel supply agreement with a private firm which would set up a 100 MW liquid fuel based combined cycle power plant near Kengeri on the city outskirts. 1998 - Hindustan Petroleum Corporation Ltd (HPCL) has signed a commercial agreement with Kondapalli Power Corporation Ltd (KPCL) for the supply of naphtha for the latter's 355-MW combined cycle power generation unit at Kondapalli in Krishna district of Andhra Pradesh. - Hindustan Petroleum Corporation Ltd (HPCL) has awarded the contract to build the refinery to South Korea's Hyundai Heavy Industries. - Hindustan Petroleum Corporation (HPCL) is believed to have signed an agreement with Esso Mauritius for marketing the latter's range of lubricating oils here. - Hindustan Petroleum Corporation Ltd (HPCL) has set up a joint venture company with domestic financial institutions (FIs) for oil and gas exploration both in the country and abroad. - Hindustan Petroleum Corporation Limited has commissioned its state-of-the-art modern LPG filling plant at Usar, Alibagh. - State owned Hindustan Petroleum Corporation's (HPCL) joint venture with Aditya Birla Group, Mangalore Refineries and Petrochemicals Ltd (MRPL), is keen to set up an independent marketing network. 1999 - American Express and Hindustan Petroleum Corporation has signed a memorandum of understanding (MoU) for card acceptance at various gas stations. - Hindustan Petroleum Corporation Ltd (HPCL) and Gas Authority of India Ltd (GAIL) have entered into an agreement for setting up a liquefied petroleum gas (LPG) pipeline and infrastructure from Visakhapatnam to Secunderabad via Rajamundry and Vijayawada. - The Foreign Investment Promotion Board (FIPB) has allowed the joint venture of Hindustan Petroleum Corporation (HPCL) and Total of France, to set up LNG terminals and venture into downstream activities such as marketing of petro-products, etc. - Hindustan Petroleum Corporation Ltd (HPCL) is celebrating its silver jubilee year with "Shakti Utsavs" in major Indian cities. 2000 - Scheme of amalgamation of Industrial Perfumes Ltd. with the company is effective from 9th February, with retrospective effect from 1st January, 1999. - The Company signed a confidentiality agreement with Totalfina of France to look at downstream areas, including retailing, once the domestic oil sector is opened up. - The Company has decided to float a joint venture information technology company for its e-commerce and other internet based services foray. - The Company will set up a Rs 2900 crore power project in Visakhapatnam as part of the company's difversification strategy. - HPCL has signed a business initiative with internet service provider (ISP) Satyam Infoway Ltd. to set up more than 200 cyber cafes at its retail outlets across the country. - Pepsi has entered its second cyberspace venture forging a tie-up with Satyam and the company as the official beverages supplier for their "Speednet project". - Mangalore Refinery and Petrochemicals, the joint venture between Hindustan Petroleum Corporation and the AV Birla Group of companies, is all set to sign a memorandum of understanding with Kuwait Petroleum Corporation for joint efforts in the downstream sector. - There was a fire blast in the Refinery at Malkapuram Near Visakhapatnam, on 17th August. - India's largest private Internet Service Providers, Satyam Infoway and Hindustan Petroleum Corporation Ltd. have forged an alliance to set up cyber kiosks at various petrol pumps across the country. - Hindustan Petroleum Corporation Ltd. has entered the Bangladesh lubricants market with a range of its diesel engine and motor oil. - Hindustan Petroleum Corporation Ltd. along with ZIP Telecom, front-end operator of Hughes Ispat, will set up public access telephone booths at HPCL retail outlets across Maharashtra. - The Company has set up two regional offices in Jamshedpur as part of its strategy to focus on improving services. - A subsidiary company "Guru Gobind Singh Refineries" has been incorporated on Dec 2000. Land admeasuring approx. 2000 acres has been acquired. - GOI is the major shareholder in the company with 51% stake. 2001 - Hindustan Petroleum Corporation Ltd. has introduced its smart card in Bangalore for the first time in the country. 2002 - Hindustan Petroleum Corporation Ltd has informed that the Government of India has appointed Shri Arun Balakrishnan as Director-Human Resources of the Corporation. -M B Lal appointed as Chairman & M D of HPCL. -Hindustan Petroleum Corporation Ltd has informed that Shri Naresh Narad, Special Secretary, Ministry of Petroleum & Natural Gas has ceased to be a part time ex-officio Director of the Corporation with effect from November 11, 2002 consequent upon his movement from Ministry of Petroleum & Natural Gas, as Secretary, Ministry of Heavy Industries & Public Enterprises. -M S Srinivasan appointed as part-time ex-officio Director on the Board of HPCL. -Hindustan Petroleum Corporation Ltd has informed that Shri S D Gupta, Director (Finance) of the corporation passed away on December 26, 2002 after a brief illness. - Approves Mangalore Refinery & Petrochemicals Ltd. (MRPL) control to Birlas - HPCL is introducing a new system at its 6,000-odd retail outlets across the country. The Company plans to set up facilities enabling customers to buy original spare parts and accessories for the car - Ties-up with Gas Authority of India Ltd (Gail), Oil and Natural Gas Corporation (ONGC) to purchase LPG - Ties up with Lubrizol for its own brand of high-performance petrol, branded 'Power' - Unveils branded petrol, diesel (Power & Turbojet respectively) - HP unveils new retail brand - 'Club HP' through which it intends to offer quality personalised vehicle and consumer care through select outlets - FedEx inks one-year agreement with HPCL to set up transportation services at HPCL's 100 "Club HP" retail outlets in eight cities in the country - HPCL and GAIL sign agreement for formation of new JV Company to distribute and market environmentally friendly fuels in and around the cities of Andhra Pradesh 2003 - Cabinet Committee on Disinvestment (CCD) decides to divest 34.01 per cent equity in Hindustan Petroleum Corporation Ltd (HPCL) to a strategic partner - Govt fixes Rs 2,500-cr net worth for HPCL bidders - Forges alliance with Chennai-based KwickTel Communications to launch vehicle tracking system - HPCL shareholding in Mangalore Refinery and Petrochemicals Ltd (MRPL) dips to 16.89% consequent to MRPL Debt Restructuring Arrangement - TotalFinaElf withraws from the race for acquiring the 34 per cent stake in Hindustan Petroleum Corporation Ltd (HPCL) - HPCL becomes the second largest firm in terms of sales with a turnover of over Rs 50,000 crore - Launches loyalty Plan for its LPG Consumers - Launches a new scheme where in the LPG (liquefied petroleum gas) delivery boys will carry portable weighing scales, so that HP customer can measure the Gas contend in cylinder before receiving it - Unveils a high-octane petrol brand in the market named as 'Power '93' - Ties up with Chevron for Aviation Turbine Fuel (ATF) business - Government of India appoints Mr. C Ramulu as Director - Finance of the Corporation - Signs agreement with Oil & Natural Gas Corporation (ONGC ) for sourcing crude oil ---HPCL bags eighth slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies. -Unveils Smart Card which a customer could use to pay for petrol or diesel bought at HPCL's outlets 2004 -HPCL - Marketing Initiatives in Sri Lanka - Hindustan Petroleum Corporation Ltd (HPCL) has formed a 50:50 joint venture with Total Gas and Power India (TGPI), a wholly-owned subsidiary of Total France, to develop the biggest underground 'Cavern LPG Storage' project at Visakhapatnam -Gets award for industrial safety by National Safety Council, Kerala Chapter in chemical industries sector -Inks pact with Shell India Private Ltd for product and infrastructure sharing between the two companies -Signs agreement with US Pizza, a pizza outlet, which would be opening over 500 delivery units at HPCL's outlets around the country. The understanding is aimed at making the partnership the largest food chain in the country -Mr S. Roy Choudhary has been appointed as Director-Marketing in Hindustan Petroleum Corporation Ltd (HPCL), effective May 10 -Hindustan Petroleum Corporation Ltd on June 26 signed a memorandum of understanding with Indian Oil Corporation Ltd -Birla Power Solutions, a Yash Birla Group company, has tied up with Hindustan Petroleum Corp Ltd (HPCL) to produce electricity generators, which run on LPG -HPCL launches unique smart card -Hindustan Petroleum Corporation signs MoU & Confidentiality agreement with Chevron Texaco 2005 -HPCL signs MoU with RCF (Rashtriya Chemicals Fertilisers Ltd ) -HPCL ropes in Sania Mirza to endorse retail brands -Pizza Corner forges alliance with HPCL -Amex, HPCL unveils co-branded credit card -HPCL opens new LPG bunk in Visakhapatnam -HPCL partners with MSFCL for bio-diesel venture -HPCL signed an agreement with BP plc (formerly known as British Petroleum) to form 50:50 strategic joint venture partnership -HPCL signs MoU with Gail on November 16, 2005 2006 -HPCL, MyTVS unveils MyTVS Club HP Smart1 cards -HPCL signs MoU with SINOPEC -HPCL join hands with Malbro Appliances to market LPG stoves -Kamat Group joins hand with HPCL for food joints -Nirlep Appliances Ltd, manufacturer of cookware, has entered into a marketing pack with HPCL for marketing non-stick cookware, regular inner and outer lid pressure cookers and gas stoves. 2007 -Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. Arun Balakrishnan earlier Director (HR) has taken charge as Chairman & Managing Director of the Company effective April 01, 2007 (AM). -Hindustan Petroleum Corporation Ltd (HPCL) and ONGC have signed a Memorandum of Understanding (MoU), covering Product Sale Purchase, Infrastructure Services and Co-operation in Energy & related fields. -Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. P V Rajaraman, retired IAS Officer and former Chairman of Tamilnadu Industrial Investment Corporation has been co-opted as part-time 'Non-officio' Director on the Board of the Company. - Mr V. Vizia Saradhi assumed charge as the Director, Human Resources, of the HPCL on Aug 3. - Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. V Viziasaradhi has been appointed as Director - Human Resources on the Board of the Company effective August 03, 2007 (PM). 2008 -Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. L N Gupta, Joint Secretary - Refineries, Ministry of Petroleum & Natural Gas (MOP&NG) has been co-opted as part-time ex-officio Director on the Board of HPCL at the Board Meeting held on June 25, 2008 (PM). -HPCL signs MOU with Shree Renuka Sugars Ltd -HPCL joins hand with CREDA - HPCL forays ethanol business 2009 - Hindustan Petroleum Corporation Ltd (HPCL) has appointed following firms as statutory / Branch Auditors for the Financial year 2009-10. V. Sankar Aiyar & Co. : Joint Statutory Auditors Om Agarwal & Co. : Joint Statutory Auditors Gandhy & Co. : Branch Auditors for Visakh Refinery. 2010 - Hindustan Petroleum Corporation Ltd (HPCL) has appointed Dr. Gitesh K. Shah as Part-time Non-Official Director on the Board of HPCL effective December 07, 2009. 2011 - HPCL wins Oil and Gas Marketing Company of the Year award. - Oil India Limited (OIL) and Hindustan Petroleum Corp Ltd (HPCL) have signed a memorandum of understanding (MoU) to start a joint business in mutual interest sector. - Hindustan Petroleum Corporation Ltd has informed BSE that the Company has entered into an MOU with Greater Calcutta Gas Supply Corporation Ltd. (GCGSCL) and Gas Authority of India Ltd. (GAIL) to carry out Natural Gas business in the City of Kolkata and its adjoining districts. 2012 - HPCL, Mittal Energy joint venture ties-up with IBM for data solutions. - HPCL has now become a promoter of the Rajasthan refinery by taking a majority stake of 51 per cent in Rs 25,000-crore refinery with anual capacity of 9 million metric tonnes. 2013 -HPCL has informed BSE that a Memorandum of Understanding (MOU) was signed between Government of Rajasthan (GOR) and M/s. Hindustan Petroleum Corporation Limited (HPCL) for setting up a state-of-the-art 9 MMTPA refinery-cum-petrochemical complex in Barmer District of Rajasthan. -HPCL to enter into a 50:50 joint venture with Shapoorji Pallonji Group for LNG terminal for import of liquid gas (LNG) on Gujarat coast. -HPCL procures 1mn barrels of Nigerian Qua Iboe crude oil. -Launches of 5 Kg LPG Cylinder Sale through COCO ROs in Hyderabad. -HPCL has been bestowed with the Golden Peacock Award for Excellence in Corporate Governance for the year 2013 by Institute of Directors. -HPCL signs MoU with MOP&NG, Govt. of India for FY 2013-14. 2014 -HPCLs Mumbai Refinery has bagged the coveted 'National Energy Conservation Award (First prize)' in the Refinery Sector for the year 2014. -HPCL Inaugurates KSP on World s Highest Motorable Road. -HPCL bags the Platts Top 250 Global Energy Award. -HPCL has signed a fresh Memorandum of Understanding with R&T Agents M/s.Link Intime India Pvt. Ltd. -HPCL acquires two gas blocks in Australia for AUD 85 mn. 2015 -Hindustan Petroleum Corporation Ltd (HPCL) has approved the proposal for implementation of capacity expansion of the company's Mumbai refinery from 7.5 MMTPA to 9.5 MMTPA. -Hindustan Petroleum Corporation Limited's HP Nagar East Colony, Mumbai has been awarded a PLATINUM RATING -HPCL - `HP-HiGAS Unit', a new commercial scale unit developed based on HPCL R&D technology at Visakh Refinery inauguration done -HPCL - Oil Marketing Companies commenced marketing of Bio-Fuel blended High Speed Diesel (B-5 Diesel) in select retail outlets of the country. 2016 -Hindustan Petroleum Corporation Ltd Acquisition of shares of Petronet MHB Ltd. From Petronet India Ltd. -Hindustan Petroleum Corporation Ltd has issue of Fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each -Hindustan Petroleum Corporation Ltd receives Golden Peacock Award 2016

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